Fresenius Correlations

FSNUF Stock

USD 41.01 1.01 2.52%

The current 90-days correlation between Fresenius SE and DaVita HealthCare Partners is -0.06 (i.e., Good diversification). The correlation of Fresenius is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

The ability to find closely correlated positions to Fresenius could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fresenius when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fresenius - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fresenius SE Co to buy it.

Moving together with Fresenius Pink Sheet

0.82	FSNUY	Fresenius SE	Pair Corr
0.69	CICHF	China Construction Bank	Pair Corr
0.74	GOLD	Barrick Gold Corp Aggressive Push	Pair Corr
0.65	UBER	Uber Technologies	Pair Corr
0.76	RSLBF	RaySearch Laboratories	Pair Corr
0.76	LH	Laboratory	Pair Corr
0.71	LAUR	Laureate Education	Pair Corr
0.7	COST	Costco Wholesale Corp Downward Rally	Pair Corr
0.88	T	ATT Inc	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.76	IBM	International Business	Pair Corr
0.64	VZ	Verizon Communications Aggressive Push	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.67	MMM	3M Company	Pair Corr
0.7	MCD	McDonalds	Pair Corr

Moving against Fresenius Pink Sheet

0.64	PBCRF	PT Bank Central	Pair Corr
0.63	AA	Alcoa Corp	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.55	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	MFCSF	LWSCF	RHE	WHTCF	AMN	AGL	ACHC	AMED	MODV	ADUS
MFCSF		-0.22	0.71	-0.85	0.04	0.78	-0.37	0.45	-0.62	-0.79	MFCSF
LWSCF	-0.22		-0.09	0.25	-0.25	-0.62	-0.33	-0.76	0.72	0.01	LWSCF
RHE	0.71	-0.09		-0.62	-0.06	0.43	-0.44	0.3	-0.36	-0.83	RHE
WHTCF	-0.85	0.25	-0.62		-0.14	-0.73	0.43	-0.53	0.63	0.77	WHTCF
AMN	0.04	-0.25	-0.06	-0.14		0.27	0.36	0.16	0.05	0.06	AMN
AGL	0.78	-0.62	0.43	-0.73	0.27		0.06	0.73	-0.83	-0.42	AGL
ACHC	-0.37	-0.33	-0.44	0.43	0.36	0.06		0.18	0.09	0.64	ACHC
AMED	0.45	-0.76	0.3	-0.53	0.16	0.73	0.18		-0.75	-0.28	AMED
MODV	-0.62	0.72	-0.36	0.63	0.05	-0.83	0.09	-0.75		0.38	MODV
ADUS	-0.79	0.01	-0.83	0.77	0.06	-0.42	0.64	-0.28	0.38		ADUS
	MFCSF	LWSCF	RHE	WHTCF	AMN	AGL	ACHC	AMED	MODV	ADUS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AGL	+ 0.78	MFCSF
ADUS	+ 0.77	WHTCF
AMED	+ 0.73	AGL
MODV	+ 0.72	LWSCF
RHE	+ 0.71	MFCSF
ADUS	+ 0.64	ACHC

High negative correlations

WHTCF	- 0.85	MFCSF
MODV	- 0.83	AGL
ADUS	- 0.83	RHE
ADUS	- 0.79	MFCSF
AMED	- 0.76	LWSCF
MODV	- 0.75	AMED

Risk-Adjusted Indicators

There is a big difference between Fresenius Pink Sheet performing well and Fresenius Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Fresenius' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MFCSF	1.06	0.08	0.13	(0.93)	1.03	(1.56)	2.51	(1.90)	7.68
LWSCF	1.27	(0.09)	0.00	(0.16)	0.00	0.00	2.77	(3.34)	10.94
RHE	7.01	0.99	0.15	(0.26)	7.27	(8.59)	12.14	(16.25)	159.73
WHTCF	1.98	(0.11)	0.00	(0.22)	0.00	0.00	4.41	(5.56)	16.30
AMN	2.41	0.05	0.05	(0.78)	2.58	(2.81)	6.03	(4.60)	13.09
AGL	4.08	1.00	0.22	0.79	3.89	(4.73)	10.96	(6.96)	25.96
ACHC	2.03	(0.39)	0.00	0.81	0.00	0.00	4.13	(3.00)	34.24
AMED	0.48	0.01	0.07	(0.22)	1.14	(0.45)	0.94	(1.40)	6.31
MODV	6.92	(2.14)	0.00	(1.10)	0.00	0.00	13.41	(16.45)	60.89
ADUS	1.44	(0.32)	0.00	(0.94)	0.00	0.00	2.34	(3.22)	14.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fresenius without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fresenius Corporate Management

Michael Sen	Pres CEO	Profile
Sara Hennicken	Chief Officer	Profile
Helen Giza	Member SE	Profile
Sebastian Biedenkopf	HR, Officer	Profile
Matthias Link	Sr Communications	Profile

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